H4 to F1 - Urgent


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I am currently in my second semester on H4. I want to convert to F1 by the end of this semester. 


1)Recently my H4 visa got extension but I dont have a h4 stamping right now. So can i apply for COS in this case?Will this be a problem? Or should i get H4 stamped and then apply to COS for F1.? 


2) My school asked me to show XX,XXX$ in bank statements to get i20 from them. But can i show this amount from india? will this be a risk to get F1 approval?


3) If i go India and apply F1 there what will be my problems regarding funding, and no H4 visa stamp. Are there more chances to get my F1 rejected if i apply in India? 

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